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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (16247)	7/7/2004 1:56:16 AM
From: benwood	Respond to of 110194

"US automakers chose to build SUV's for higher unit price and profit and ignored all warnings of higher future energy costs" History rhymes here... 1) Nader's book, Unsafe at Any Speed, caught them with their pants down in the early 60s, but thanks to their near monopoly status, they survived that crisis OK. 2) In the early 70s, their cars were needlessly inefficient when the oil embargo shock hit, and the door swung wide open for foreign competition. It took a year and a half (or more) for the big US response -- the AMC Pacer. 3) And finally, the peak oil has caught them nearly completely with their pants down again. Toyota & Honda are already on their 2nd generation hybrid. Anybody want to trust their 25 grand to Ford when the Escape hybrid comes out later this year? After seeing their engineering marvel, the Focus, debut only to be followed by a dozen or so recalls, why would anybody but SUV-addicted drivers pull it off the line in the first year or two? Denial... ain't it grand?

To: Jim Willie CB who wrote (16247)	7/7/2004 3:07:50 AM
From: westpacific	Read Replies (1) \| Respond to of 110194

JW, everyone here should read this book. Than ask yourself - what is the US thinking. IMO - the US is a sinking ship, Titanic in proportion. ---In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the key to Future Prosperity-- amazon.com

To: Jim Willie CB who wrote (16247)	7/7/2004 7:51:22 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 110194

Sorry you pick certain points and blow them - lets agree that the USD is overvalued and to little is manufactured in the US. My points were ; 1. recession - slowing consumption substantially - lower imports 2. growth in food commodities with world population growth - more exports 3. less dependency on outside energy - due to recession and due to innovation 4. structural changes in the cost of US labor coupled with a lower USD All this will lower the trade deficit and slow the 20% slide of the UDX - after a 20% depreciation lets revisit the subject. As of today hope the EUR will not slide below 1.2350 by 10 AM so my EUR put USD call will expire worthless rest my case